Ecolab Increases Cash Dividend 6%

Rhea-AI Summary

The board of directors of Ecolab has announced a 6% increase in its quarterly cash dividend, raising it to $0.51 per share, payable on January 18, 2022. This marks Ecolab's 30th consecutive annual dividend increase, resulting in a new indicated annual dividend of $2.04. The company has maintained cash dividends for 85 years, demonstrating a strong financial position, according to CEO Christophe Beck. The increase aims to restore the dividend payout ratio to historical levels.

Positive

• 6% increase in quarterly dividend to $0.51 per share.
• 30th consecutive annual dividend increase.
• Indicated annual cash dividend rises to $2.04 per share.
• Maintained cash dividends for 85 consecutive years.

Negative

• None.

30^th Consecutive Annual Cash Dividend Increase

ST. PAUL, Minn.--(BUSINESS WIRE)-- The board of directors of Ecolab Inc. today declared a 6% increase in the company’s quarterly cash dividend to $0.51 per common share, to be paid January 18, 2022, to shareholders of record at the close of business on December 14, 2021. This increase results in a new indicated annual cash dividend of $2.04 per share in 2022 and represents Ecolab’s 30^th consecutive annual dividend rate increase.

Ecolab has paid cash dividends on its common stock for 85 consecutive years.

Commenting on the increase, Christophe Beck, Ecolab’s President and Chief Executive Officer said, “The cash dividend increase reflects Ecolab’s strong financial position, cash flow and top and bottom-line performance in 2021, as well as our objective of returning our dividend payout ratio to historical levels. Our value proposition to help solve the world’s people, planet and business health needs is more important than ever, and we remain confident in our long-term outlook and robust growth opportunities to deliver superior results for our customers and shareholders.”

About Ecolab

A trusted partner at nearly three million commercial customer locations, Ecolab (ECL) is the global leader in water, hygiene and infection prevention solutions and services. With annual sales of $13 billion and more than 45,000 associates, Ecolab delivers comprehensive solutions, data-driven insights and personalized service to advance food safety, maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com

Follow us on Twitter @ecolab, Facebook at facebook.com/ecolab, LinkedIn at Ecolab or Instagram at Ecolab Inc.

(ECL-D)

View source version on businesswire.com: https://www.businesswire.com/news/home/20211202005928/en/

Investor Contacts:

Michael Monahan

651.250.2809

or

Andrew Hedberg

651.250.2185

Source: Ecolab Inc.

FAQ

What is the new cash dividend amount for ECL shareholders?

Ecolab has increased its quarterly cash dividend to $0.51 per common share.

When will the dividend be paid to ECL shareholders?

The dividend will be paid on January 18, 2022.

What is the total annual dividend for ECL after the increase?

The new indicated annual cash dividend for ECL is $2.04 per share.

How long has Ecolab been paying dividends?

Ecolab has paid cash dividends for 85 consecutive years.

Is the dividend increase sustainable for Ecolab?

The increase reflects Ecolab’s strong financial position and aims to return the dividend payout ratio to historical levels.